The Central Bank of Nigeria (CBN) has launched a portal for bank customers to deposit their old naira notes amid a scarcity of new notes.
The CBN in a notice posted on its website titled ‘Redemption of Currency’ provided a link to the portal to enable Nigerians to redeem (deposit) their old notes.
President Muhammadu Buhari in a broadcast Thursday approved the continued use of N200 notes as legal tender across Nigeria. But the president added that the CBN’s directive on the phasing out of the old N500 and N1000 notes remains.
